UOB AM launches China tech ETF

ETF, UOB, Singapore, Ping An Fund Management, MoU, SGX, SZESingapore's UOB Asset Management and Ping An Fund Management have listed the first ETF to avail of a memorandum of understanding (MoU) between the Singapore Exchange (SGX) and Shenzhen Stock Exchange (SZE). The UOBAM Ping An ChiNext ETF will be marketed to retail investors in Singapore, giving them access to mainland China's ChiNext market. It tracks the ChiNext index, which includes the 100 most liquid A-Shares listed on the SZE. The MoU was signed in December 2021 with the aim of enabling Singaporean and Chinese investors to access feeder ETFs listed locally on each other's exchanges. Mr Luo Chunfeng, CEO of Ping An Fund Management, said: "The opening of China's capital markets has attracted greater attention from foreign investors to China domestic public funds," said Luo Chunfeng, CEO of Ping An FM. "The SZSE-SGX ETF link presents a channel for investors to tap into a market with growing prospects." © 2022 funds global asia

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